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20121115
20121115
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been tracking china's political transition. president barack obama's administration has watched the chinese economy and military grow and has promised to take a tough stance with china on trade and other economic matters. the obama administration has also closely monitored china's disputes with japan and southeast asian nations over the islands in the east and south china seas. senior officials have refused to take sides. the president announced a year ago he will shift his country's focus to the asia-pacific region. he will have a chance to talk more about that plan over the weekend. obama will begin a four-day tour of southeast asia on saturday. he will be visiting thailand and myanmar and will attend the east asia summit in cambodia. the president promised during his re-election campaign to put more pressure on china to make it meet basic international standards with respect to trade. but analysts say despite his plans the world's top economies are tightly woven together and that interactions will continue. >>> the south korean government welcomed china's new leadership. >> t
of donors. he is saying that he won in part because of gifts the obama administration had given to particular groups in this country. >> what the president's campaign did was focus on certain members of base coalition given extraordinary financial gifts from the government and then work aggressively to turn them out to vote. >> among those groups the gifts went to, romney discusses the african-american community, young people and hispanic community. here offering one of gifts to them. >> what the president did he gave them two -- one big gift on immigration with the dream act and amnesty program. >> second thing to get hispanic voters? >> number two, put in place obamacare which basically is $10,000 a family. its proven political strategy which is give a bunch of money from the government to a group, and then they'll vote for you. >> this has been his argument since the moment he realized he lost. telling his closest circle that america is an entitled society. >> giving away free stuff is a hard thing to compete with. >> dan: pg&e workers sent to the east coast to help restore p
, larry, that was at 6600 in march. 2009 but doubled to 13,000 under the obama administration? >> well, it was until he got re-elected. >> yeah. >> people think he's turning against them. >> i remember hearing the same argument from you in march of 2009 when the stock market was at its low, and you said that the obama administration policies were going to kill the stock market. and instead, it doubled. so people invested and made a ton of money. the reality, larry, is that elections have consequences. the election is over. the republicans lost. it's time to get over it and move on. that means we have to come together and create some sort of compromise. but it doesn't mean the republicans get their way and they don't move it all to the left. there has to be some movement to the center on both sides. the president's already indicated that in terms of spending cuts, which he said repeatedly. and what the democrats -- >> i never heard spending cuts. i never heard anything about spending cuts. he never heard -- >> he may not have said it today but there were references. >> like i said, you
brown will forward that plan to the obama administration on friday. that is the deadline for states to notify the federal government whether it will establish healthcare exchanges. >>> if there's one teachable moment in the petraeus affair, it probably has something to do with the dangers of e-mail. >> and a new warriors arena on the embarcadero would bring plenty of fans to san francisco, but what about jobs? >> the amount of rainfall that we're frafrting has not change -- forecasting has not changed, but the amount of time we'll be dealing with it has. israel has killed the leadef hamas' armed wing. this video released by the israei army shows the moment a mise >>> a torrid set of air strikes by israel has killed the leader of hamas's armed wing. the moment a missile hit the commander's vehicle in gaza is caught on tape. more than 50 air strikes were launched. president obama spoke with the leaders of israel and egypt. he reiterated america's support for their right to defend themselves. >>> it was president obama's first news conference since being reelected, and it was personal.
, including ambassador chris stevens. republicans have been criticizing the obama administration for not responding quickly enough to the violence outside the consulate. >>> david petraeus will testify before the house intelligence committee tomorrow. it was unclear until yesterday whether petraeus would still answer questions after his sudden resignation as cia director. his close friend said petraeus did not like conspiracies going around that he had something to hide. he will not answer questions about the sex scandal that cost him his job. >>> president obama is defending susan rice. republicans have criticized her for insisting the aing ta was sparked by anger over an anti-islam film despite the fact that it was a coordinated attack. >>> the fbi's top brass will spend a second day on capitol hill giving lawmakers were details about the investigation that led to david petraeus's resignation. fbi director robert muler and shawn joys met privately yesterday. one federal agent says paula broadwell sent e-mails to several high-ranking military officers in an attempt in undermine
states, particularly the obama administration, decide, are we going to be assisted with our own personal security issue here in the united states by the actions we take or are the re-- reactions that are going to be caused by our actions actually going to cause greater threats to our closest allies and to ourselves? unfortunately, that's what we're seeing. in fact, i had seen an article in may of 2010 that indicated that this administration, the obama administration, sided with israel's enemies in demanding that israel disclose any nuclear weapons. we had never sided with israel's enemies in trying to push israel into doing something against its own interests. when you're a very small country surrounded by countries that want to see you go away, it is important that they not know all of your defenses. going back in the old testament, you find history, king his kaija -- king hezekiah showing all the defenses they had in their armory he showed them to the leaders from babylon. as a result, ultimately that kingdom was lost to the babylonians. you don't show other nations, even people you th
. and for the first time president obama has weighed in on this mess. abc's preeti arla has the latest. >> reporter: president obama walked into the east room of the white house for his first postelection news conference, tackling the major issues his administration will face in the weeks ahead. >> i'm open to compromise. and i'm open to new ideas. >> reporter: the president meets with congressional leaders tomorrow. both sides are expected to stake out their positions on the looming fiscal cliff, which would see automatic tax increases and budget cuts go into effect if there's no budget deal by year end. while both sides talk about compromise, president obama says any deal must not extend tax cuts for the wealthy. >> when it comes to the top 2%, what i'm not going to do is to extend further a tax cut for folks who don't need it, which would cost close to $1 trillion. >> reporter: but house speaker john boehner made it clear, wealthiest americans should not see their taxes go up. >> i have outlined a framework how both parties can work together to avert the fiscal cliff without raising tax rates. >
the obama administration has given to particular groups of this country. >> what the president's campaign did was focus on certain members of his base coalition. give them extraordinary financial gifts from the government. and then work very aggressively to turn them out to vote. >> reporter: among those groups the gifts went to, romney discusses the african-american community, young people and the hispanic community. here, offering one of the gifts to them. >> what the president did is, he gave them two things. one, he gave them a big gift on immigration, with the d.r.e.a.m. act and amnesty program. >> reporter: sources tell saying, this was the argument since the moment he lost. telling his closest circle the very next morning that america is becoming an entitled society. that some americans are asking government to solve problems for things they can't afford. >> the giving away free stuff is a hard thing to compete with. >> reporter: david muir, abc news, new york. >>> lawmakers demanding answers in the deadly meningitis outbreak didn't get far during yesterday's hearing. the owner of
, the obama administration said they will review and respond once it reaches 25,000. >> >> a sacramento family basks in the spotlight after welcoming their new tripletts and possibly breaking a new world record. > emotions running high for jason and brittany. she gave birth to triplett boys who weighed together a total of 20-pounds. they are submitting forms to the guinness book hoping their boys tip the scales towards a world record. >> >> a close eye on the hillside that was compromises by a mud slide. unusual steps residents are making to make sure their homes are protected if the hill gives way again. >> >> the arrest of the driver suspected in the hit and run that injured the man riding this mountain bike. . >>> good evening, >> the mud has been cleared out of the street, but residents in daily city are still keeping a watchful eye on the hillside that gave way when the water main broke. mike has more on the steps being taken. >> reporter: the work on the hiltside will continue. residents debating whether or not to file a claim.
won in part because of gifts the obama administration had given to particular groups in this country. >> what the president's campaign did was focus on certain members of his base coalition. give them extraordinary financial gifts from the government. and then work very aggressively to turn them out to vote. >> reporter: among those groups the gifts went to, romney discusses the african-american community, young people and the hispanic community. here, offering one of the gifts to them. >> what the president did is, he gave them two things. one, he gave them a big gift on immigration, with the d.r.e.a.m. act and amnesty program. >> reporter: and the second thing, in order to get hispanic voters? >> number two, put in place obama care, which basically is $10,000 a family. i mean, it's a proven political strategy, which is give a bunch of money from the government to a group and, guess what? they'll vote for you. >> reporter: sources tell me this has been romney's argument since the moment he realized he'd lost. telling his closest circle the very next morning that america is becoming
, what was the assessment of the obama administration of the area where there consular was? there's a big difference. if this was an area as secure as iceland or waziristan. time confident that there were cables that said there are ten training centers for militias around that location. so i would like to know if the administration basically perceived the location is dangerous there for what were the measures and therefore when the attack occurred, the knd of response would be appropriate to the type of assessment. that is what we want to know. >> chairman of the house securities committee is very direct saying the documents that we see that the cia had prior to general petraeus coming in, it is impossible to believe he thought he w giving as at the time on his testimony, testimony supporting what became the brought fiction of an inch and a video. congressman king is saying point blank. he believes that petraeus was under the thumb of the administration, coerced and blackmail and a statement. >> i think i no general petraeus pretty well. i covered him in 2003 and stayed in touch with them
want to say they know about the attack on the obama administration. >>> some parents of a religious school have questions to ask after finding out a sex offender volunteered. jeanine was able to find out how he could get on the school's grounds and not get arrested. >> reporter: they are investigating what happened here at the catholic school in early october. the paper is reporting this man, christopher was working the sound system when a parent recognized him as a sex offender and said he was working security at the event. the sheriff's office did not address him because he had a letter from a church official saying he had permission to be there and under the penal code, they could have permission to be there if they have permission. he was convicted of lewd & lascivious conduct with a child under four years old. we are trying to get more information from the sheriff's office because the mercury news is stating that the pastor had no knowledge of letter and we are in the process again of trying to contact the sheriff's office and as the morning goes on, we will get hold of the chu
investigation into the libya raid and the obama administration's response. the men also said they would try to block any attempt to nominate susan rice as the next secretary of state. describing rice as unqualified for the job after she originally characterized the benghazi terror attack as a protest gone wrong. president obama and his first post election news conference yesterday fired back in sharp terms. >> let me say specifically about susan rice, she has done xr exemplary work. she has represented the united states and our interests in the united nations with skill and professionalism and toughness and grace. if senator mccain and senator graham and others want to go after somebody, they should go after me. and i'm happy to have that discussion with them. but for them to go after the u.n. ambassador who had nothing to do with benghazi and was simply making a presentation based on intelligence she had received and to besmir much her reputation is outrageous. >> the republican senators were quick to respond. lindsey graham went on twitter and wrote the following. he said, "mr. president,
intelligence leaders didn't anticipate or repel theand the obama administration's public response. >> what is clear is that this administration including the president himself had intentionally misinformed, in fact lied to the american people in the aftermath of this tragedy. some republicans are criticizing u.n. ambassador susan rice. after the attack, she said intelligence pointed to a spontaneous attack... not a pre- planned one. president obama said the g-o-p should go after him instead former cia director david petraeus denied that his scheduled testimony over the september attack in benghazi, libya, had anything to do with his resignation, he told hln's kyra phillips. petraeus said that he never shared classified information with paula having an affair with. defense secretary leon panetta is ordering a review of defense programs to see if they are strong enough. a computer used by paula broadwell that was not secured contained classified information.broadwell's affair with former cia director david petraeus led to his resignation. national security officials tell "reuters" an inves
. republicans have been criticizing the obama administration for not responding quickly enough to the violence outside the consulate. michael morrel is expected to testify today. >>> we will wait until tomorrow to hear from former cia director david petraeus. it was unclear until yesterday whether he would still answer questions after his sudden resignation late last week. he will not discuss the sex scandal that cost him his job during that closed hearing. >>> president obama telling republicans to come after him, not his cabinet for his administration's response to the attack in benghazi. he lashed out against republicans who have been critical of u.n. ambassador susan rice. they blasted her for saying it was sparked by an anti-islam film despite evidence that it was a coordinated terror attack. the president says she was just giving her best answer based on the intelligence she had been provided. senator john mccain is even trying to block -- threatening to block rice from becoming secretary of state if the president chooses her to succeed hillary clinton. >>> quickly approaching fiscal cli
. can we expect the same from the obama administration? >> will be important to watch. will. administration in 2008, you could handle the situation however you see fit and the international community weighed in for a cease-fire. we haven't had a lot of statements out of washington yet. we had statements from the british government. very interesting to see statements that obama makes on this. dagen: any idea how long this lasts? even though there might not be a supply disruption related to this, could you see it show up in the price of oil. >> with i rise 7%. and no one knows how this plays out. and in 2006, the hezbollah conflict again, relatively limited conflict and duration but people were concerned that it would spread. i don't think this one's friends. we have two major military campaigns in the region. dagen: biggest worry is it still in iraq? >> we have to watch that throughout this year. and it ends the nuclear threat. dagen: that is what the obama administration wants. >> we have a decision point in 2013. dagen: we have another year. thanks for taking the time. anyt
? >> the israelis recognize theyor their own. i think they have little confidence in the obama administration to stand by them. they are pursuing their opponents. they have just eliminated an important one in hamas and hamas has been a terrible thorn in their side, has been threatening them, been conducting operations against them and this is a strong message to hamas that, you know, we are at you. you know, we will escalate this. i think -- they recognize this is the only message that hamas will understand. >> sean: if we can, tony, i want to rerack what we just played here. they videotaped this attack on jabari. you know, you can see the yellow circlesarn the car, that's the car he is in. and if i am an extremist and watching this, i am thinking, you know, those are israelis, they are pretty tough with their defense. >> i gotta tell you, it's a good shot. that's when we should be doing with precision. i am not a big fan of the drone program because i want to have live prisoners, but that's a good shot-- >>> great shot. >> this is a message to all of us, we will wait, we will be patient and
the obama administration spend yuyour tax money not just on health services, but p.r. to convince that you should you love obamacare? a house committee wants to know. they subpoenaed hhs committee chair kathleen sebelius. we have a panel here to discuss it. rick, what does the hill want? >> the hill wants to know what kathleen sebelius was spenning mono, and whether there was money proanted for hhs publicity, directed to improve the standing of the obama health care law. if it was spent on those purposes, it wasn't really doing its job. the obamacare is not nearly as possible as the administration wanted. i would also say, look, it is the law of land. as a political matter, this is a very legitimate inquiry, but have you more and more republicans saying, it's time to move on. i don't see this as a fruitful area to go through the things that happened in the last term. it is the law of the land. there is no point it try to repeal it as this jumpghture, right now. i don't know whati are going to accomplish. >> greta: apparently, gawp, correct me if i am wrong, one of the programs spent $20 mi
consulate attack. >>> what lawmakers say they want to know about the attack from the obama administration. >> and happening right now, live, these are live pictures senate arms services committee is holding a confirmation hearing for joseph denver. he is slated to take over at commander of u.s. and nato forces in afghanistan. he would replace general john allen. allen was supposed to be pro momentsed to supreme allied commander in europe, but that's on hold right now. after questionable e-mails between allen and a woman in florida were discovered, it was part after investigation that led to the resignation of david petraeus, as ahead of the cia, because of an affair. >>> it is 7:09. breaking news, sal will tell us about it. >> reporter: i have two breakers. one is a house fire in san francisco. news chopper 2 is over this house fire, near the 101/260 interchange in san francisco. and just knowing a little bit about the area, this is an area where there have been plenty of house fires in the last year or two. it's kind of peculiar. firefighters say once portable heaters come in winter, the
and the senate want to know what went wrong, what members of the obama administration knew, what they knew it and why tke th-pbt do more to prevent the attack or respond in time. chief intelligent correspondent catherine herridge is live on capital hill with all of this. catherine the latest. let's start with the testimony of general petraeus and the testimony we just heard about that secretary clinton will attend. >> well, thank you, jenna and good morning. two important developments here on capitol hill. fox' confirmation this morning that the former cia director david petraeus will testify before the house and senate intelligence committees. these will be closed or classified sessions early friday morning, and also confirmation that secretary of state hillary clinton will testify here on the hill and give the read out, or the results of their internal review at the state department about the benghazi attack, and that announcement was made at the house foreign affairs committee a short time ago. >> further i would like to note that secretary clinton has committed to testifying before our
may find out. the house ways and means committee says the obama administration has stonewalled request for information. forget co-pays. this illinois doctor charges only five bucks a visit. the 87-year-old doesn't even accept medical insurance. he claims it's not worth the hassle. he says he's just interested in helping people and not making much dough. all right. steve? >> steve: president obama yesterday held his first press conference in eight months and got testy when asked about the deadly attack in libya where four americans were murdered. >> i would like for you to address the families, if you can, on 9-11 as commander in chief, did you issue any orders to try to protect their lives? >> i'll address the families not through the press. i'll address the families directly as i already have. i can tell you that immediately upon finding out that our folks were in danger that my orders to my national security team were do whatever we need to do to make sure they're safe. >> steve: so has the president been forth coming with the american people and is congress satisfied with his respon
security in libya? two, did the obama administration try to mislead people as to the nature of the attack? and, three, did the administration deny pleas from our people at the consulate for help? let's start with the first. why didn't -- why didn't -- why wasn't there more security in libya previous -- previous to these attacks? >> well, first of all, assessments from the ground apparently were not getting back to washington, were not getting high enough. that compound was under surveillance by the local services. benghazi itself is a jungle. all sorts of islamic groups. somebody should have raised the red flag early on and either fortified that consulate or simply closed it. somebody made a mistake. i don't know who that was, whether it was the state department or the cia or the combination of the two. but they probably, in the loit of today, they should have pu pulled out a long time ago and run all these operations -- >> just going on to topic number two, did the obama administration try to mislead us as to the nature of the attack? we all heard what susan rice said. republicans say sh
on and on about the different gifts the obama administration had given to different couldn't constituents. he said quote, free contraceptives were big with young college-aged women. it struck me, because they said the democrats are reducing women to abortion and birth control. women are much more than that. apparently in the analysis after the fact, mitt romney believes that women just voted because obama was going to give them free birth control. they should have just sent out condoms and birth control. much more effective. >> obama is doing good giving out phones. >> look, whatever you think of the substance of this, and i will say that there's a little truth in here in that democrats did not promise free stuff, and that i don't think that's why people voted for obama. people voted for obama because they liked him, and they believed that his policies are going to work in a second term. democrats certainly did threaten that republicans were going to take a lot of their stuff away. so you could find some truth in there, but i will say never a good idea to blame the electorate. never a good idea to
to exam why security arrangements were so inadequate and why the obama administration offered to shift public response. here's what president obama had to say. this is his press conference in the white house. >> let me say specifically about susan rice, she has done exemplary work. she has represented the united states and our interest in the united nations with skill and professionalism and toughness and grace. as i have said before, she made an appearance at the request of the white house in which she gave her best understanding of the intelligence that had been provided to her. senator mccain and senator graham and others want to go after somebody, they should go after me. and i'm happy to have that discussion with them. but for them to go after the u.n. ambassador who had nothing to do with benghazi and was simply making a presentation based on intelligence that she had received and besmirch her reputation is outrageous. host: president obama at a press conference. yesterday the ambassador he was talking about is susan rice, ambassador to the u.n. here's an image of her in the "was
group of donors. romney arguing president obama won in part because of gifts the obama administration had given to particular groups in this country. what the president, president's campaign did was focus on certain members of his base coalition. give them extraordinary financial gifts from the government. and then work very aggressively to turn them out to vote. >> reporter: among those groups the gifts went to, romney discusses the african-american community, young people and the hispanic community, here, offering one of the gift to them. >> what the president did is he gave them two things. one a big gift on immigration with the dream act amnesty program. >> reporter: and the second thing in order to get hispanic voters. number two put in place obamacare which is basically $10,000 a family. a proven political strategy, which is give a bunch of money from the government to a group and guess what they will vote for you. >> reporter: sources telling me this has been romney's argument since the moment he realize heed lost, telling the closest circle the very next morning that america i
.s. to press for an end to the offensive. but the obama administration lined up with the israelis. state department spokesman mark toner said the u.s. believes israel has the right to defend itself. >> our position is clear that there's no justification for the violence that hamas and other terrorist organizations are employing against israel. and the onus is on them to cease their rocket attacks so that this de-escalation can take place. >> suarez: earlier, i spoke with the israeli ambassador to the united states michael oren to discuss the latest developments. ambassador, what's the latest from tel aviv? where the strikes accurate? have missiles actually hit the city and is anyone snurt >> thankfully nobody was hurt. the rockets struck in the greater tel aviv area. the alarms went off. the sirens, prime minister netanyahu was in the city at the time to a bomb shelter and now this simply means that 4.5 million israelis-- over half the population of the state of israel-- has come under rocket fire from terrorists within gaza >> suarez: does this represent a significant of abilitys in the
of the israeli conflict can read the articles, discussion how a second term obama administration might behave that would open it up for israel to feel they need to strike quickly after the election and sort of punch first. i think that is part of what it is. frankly the israeli haves a track record. when they find somebody they have been looking for they take him out. melissa: where do we go from here? seems like it has really taken the whole thing up a notch? >> it has. it has gone up several notches. when i got up this morning reading through the news i wasn't concerned about it. i thought this would be classic couple of a day flare-up. over the course of the day events got more significant. much larger rocket that has been used in the past got fired against tel aviv you mentioned. first time in 20 years you heard air raid sirens, israeli citizens in a major city having to take shelter. this is very different than the usual rockets. there were, 300 usual small, kitush rockets. they're small. with 300 launched only three people died. with bigger rockets that have longer range you're talking
to the bottom of it. what republicans are saying is the obama administration has put out very conflicting stories about what happened in benghazi, when they knew about it, what they did about it and how they sort of perpetuated the idea this was a spontaneous attack. so the republicans on capitol hill are saying we only need to get through the double talk. get to the bottom of what happened. we lost an american am bas dpor. three other americans. president obama said i did everything i could as soon as we found out this is happening. then how come the whole place was left completely undefended? there's so many big ands of questions. that's what senator mccain was getting at yesterday when he said let's put together a committee that can look at this specifically, rather than having it scattered and half a dozen committees looking at it. this may give us a better answer faster. that's ultimately what everybody wants to keep the americans safe abroad and in the future. >> is this part of the mccain and obama conflict from 2008? >> i think mccain -- right after obama was elected in 2008, mcca
. stop fighting these wars. our national debt through the bush and obama administrations, our debt went up over $4 trillion just because of these wars that are totally senseless. the loss of life. now there are talking about, what are we going to go in -- we are so much involved with libya. look at what is happening with libya. it want to go to war against iran. i would say, that is the place to have big cuts. we all ought to agree on doing that. i want to raise -- i would not raise taxes. we need to cut spending. if you raise taxes, you're going to have a weaker economy. some of the tax cuts, even for the middle-class occurred for the bush administration. you do not want to raise taxes on the middle class. it will not be enough money. i think you have touched on something. i think we need to deal with the military. we cannot do that unless we change the foreign policy. we are not the world policeman getting involved with all of these countries. i think the american people ought to agree on that issue more readily than anything else. i do not see why we should talk about cutting health
together on this and the obama administration for their continuing efforts to open up trade opportunities so that we can make it here and sell it everywhere, which is, i think, should be our focus. in addition to that, i think it shows how over time old wounds can be healed and new relationships can be built. i spoke earlier today with the consulate general for the state of israel in philadelphia offering my support and concern for the unfortunate circumstances that are taking place in the middle east now in which hundreds of bombs have -- rockets have been shot at israel. some of its largest cities as the targets. and this is a matter in which obviously much high levels in our government, there have been communications and the assurance that israel has the right to defend itself. but i think that we can see in this russia trade agreement that if we can get to the point where there can be relationships that are built on self-interest and economic development, that we can put the weapons aside and move towards a circumstance in which people are focused on economic activity. we see in this
as one of the most popular members of the obama administration. clinton talks about how she's been in the political spotlight for 20 years. and she wants her life back. fair enough. says she wants to sleep, relax. okay. but what about after that? while hillary clinton has repeatedly said she won't run for president again, this is the same woman who says politics is in her dna. she is after all a clinton. and with a resume that includes secretary of state, senator, first lady, well, a democratic nomination is probably hers for the taking if she wants it. vice president joe biden's keeping the door open to a possible 2016 presidential run although he recently acknowledged it might depend on the economy. a memo to the vice president might also depend on hillary clinton. here's the question, is hillary clinton the answer? go to cnn.com/caffertyfile or go to our post on "the situation room" facebook page. never too early to start speculation. >> special for those of us who are political news junkies. i've been saying for a while no inside information. i suspect she still has that passio
into the libya raid and the obama administration's response to it. they also said they would try to block any attempt to nominate susan rice as the next secretary of state, describing her as unqualified for the job after she originally characterized the terror attack as a protest gone wrong. she went on the sunday shows including "meet the press" a couple days after the attack and said that. president obama in his news conference yesterday fired back at senators mccain and graham. >> let me say specifically about susan rice, she has done exemplary work. she has represented the united states and our interests in the united nations with skill and professionalism and toughness and grace. if senator mccain and senator graham and others want to go after somebody, they should go after me. and i'm happy to have that discussion with them. but for them to go after the u.n. ambassador who had nothing to do with benghazi and was simply making a presentation based on intelligence that she had received and to besmirch her reputation is outrageous. >> those republican senators were quick to respond to the
and believes that the 39.6 number is still on the table and that the can democrats and the obama administration still have the mandate. >> you're talking higher marginal rate ps p. >> yes. he doesn't believe there are not enough deductions. so many of the ceos that came out of that meeting seemed to be wink winwink, nod nod, says may he's not just talking 35%. deductions plus. >> i thought for sure raising the rate is on the table. that there will be no deal without raising the rate on the wealthy. >> the idea is raising the amount of taxes that wealthy pay and you can get there two different ways. one is by raising the marginal rate, one is raising the effective rate. >> but i don't. >> i've heard that as a way of stopping raising the rate. i don't think there's any discussion -- there will be no deal without eliminating the burke tax cuts on the wealthy. >> i think people are coming around to that view. >> but this is the republican view. >> but i'm saying -- >> if you listened to the president carefully last friday -- >> i'm not ed advocating either friday. >> the president last friday -- th
years as it relates to the obama administration is not positive for stocks. they don't want to say it. they don't want to write it. but you can find it everywhere. the evidence is mounting all over the street that the last two weeks there is a massive outside allocation shift as a result of it. this is what i want to say. i find it very disturbing when people walk into this building, come on air, talk about the portfolios. if you're a loan only manager you have to try to find stocks that are working but, remember, there's nothing wrong with holding cash or saying it like you think it is. i want to point something out here. this is the wellington letter. he writes he's been doing this for 35 years. this is what he said in the edition that came out yesterday. bat ten down the hatches. protect your assets, your business, your job. this is no longer a theoretical exercise. i want to tell you, carl, i find it disgusting that a lot of people are saying that to their clients and they're saying that across the board but they're not putting it in print. if you're saying something like that, ha
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